Indian government wins reprieve for supermarket reform

Source :

Last Updated: Wed, Dec 05, 2012 13:30 hrs

NEW DELHI, Dec 5 (Reuters) - India's fragile ruling
coalition won a vote on allowing foreign supermarkets to operate
in Asia's third-largest economy, passing a test of support for
Prime Minister Manmohan Singh's minority government and his
flagship economic reforms.

Expectations the government would win drove India's stock
market to a 19-month high. The victory should help ease through
parliament bills aimed at attracting foreign investment to the
ailing pension and insurance sectors.